The London Underground (LU) will start weekend night tube services in the UK city from 12 September 2015, coinciding with the Rugby World Cup.
The new development is expected to reduce night-time journeys by an average of 20 minutes or more.
This decision follows the report of independent research commissioned to study the economic benefits of the night tube.
According to the study, London’s economy will receive £360m boost through the night-time service that would produce new opportunities and around 2,000 permanent jobs.
London Mayor Boris Johnson said: "Running trains all through the night was once thought impossible, but with the huge investment we’ve put in and upgrades that have been delivered we stand ready to take the tube to the next level."
LU will provide six trains per hour through central London on all night tube lines, including the Jubilee, Victoria and most of the Piccadilly, Central and Northern lines, in order to meet the higher demand.
Eight trains will be in operation on the Northern line to serve the busy route between Leicester Square and Camden Town.
LU managing director Mike Brown MVO said: "Already more than half a million Londoners use the tube after 10pm on Fridays and Saturdays, and the introduction of the night tube, which will cut journey times and open up new possibilities across the night-time economy, is a historic step in our modernisation of the LU."
The night service will be introduced just before the World Cup begins on 18 September. The service is expected to provide the expected 400,000 overseas visitors into England with additional transport options.
The arrival of the night tube service is part of LU’s modernisation programme of major stations, trains, track and signalling to enhance London’s rail network.
Image: More than half of LU’s 270 stations have now been modernised to make them brighter and easier to use. Photo: courtesy of Mcginnly.